Dow Jones: 24,483.05 pts (+293.60pts, +1.21%)
U.S. stockmarkets recovered all their previous session overnight as the Dow jumped 1.2% higher amid talks on U.S. re-joining the Trans Pacific Partnership trade deal coupled with the easing geopolitical tension in Syria. The immediate resistance is located at 25,000.

FBM KLCI: 1,873.62 pts (+3.73pts, +0.20%)
The FBM KLCI (+0.2%) advanced for the sixth straight session yesterday, underpinned by the late buying interest in selected index heavyweights. The immediate resistance is located at 1,880.

Crude Palm Oil: RM2,423 (-RM8, -0.33%)
Crude palm oil prices trended lower for the fourth straight session, as sentiment was dampened by the rising production. The immediate support is envisaged around RM2,400.

WTI Crude Oil: $67.07 (+$0.25, +0.37%)
Crude oil prices extended its gains OPEC's production fell to its lowest level in one-year.  The immediate resistance is located at US$70.

Gold: $1,334.94 (-$18.44, -1.37%)
Gold prices halted a three-day winning streak amid the easing geopolitical tension in the Middle East. The immediate resistance will be pegged around US$1,360.

Bursa Malaysia Trade Statistics - 12 Apr 18
Institutions:  Net BUY 18.6 mln (50.0%)
Retail:  Net SELL 36.1 mln (25.9%)
Foreign:  Net BUY 17.5 mln (24.1%)

Potential Momentum Stocks - 13 Apr 18 
Stock Name: JAKS (4723)
Entry: Buy above RM1.47
Target: RM1.59 (8.2%), RM1.68 (14.3%)
Stop: RM1.40 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: DELEUM (5132)
Entry: Buy above RM1.09
Target: RM1.19 (9.2%), RM1.27 (16.5%)
Stop: RM1.02 (-6.4%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.